Kinder buys out El Paso, futures up
TSO has more to run on the news affecting the energy supply market, and consolidation.
Altho the buyout is natural gas, it attracts like flies to honey, those who think the energy sector overplayed.
With the pop in TSO being substantial these past couple weeks, those with shorter time horizons might look to selling an in the money call due Oct or Nov for some of the position, and letting yourself be called away.
Insurance at these levels may be warranted.